ValuEngine upgraded shares of SEI Investments (NASDAQ:SEIC) from a sell rating to a hold rating in a research report report published on Tuesday, ValuEngine reports.
A number of other equities analysts also recently issued reports on the company. BidaskClub upgraded SEI Investments from a sell rating to a hold rating in a research note on Tuesday, April 9th. TheStreet upgraded SEI Investments from a c+ rating to a b- rating in a research note on Tuesday, March 12th. Keefe, Bruyette & Woods downgraded SEI Investments from an outperform rating to a market perform rating and lifted their price target for the company from $56.00 to $64.00 in a research note on Sunday, April 14th. William Blair reiterated a market perform rating on shares of SEI Investments in a research note on Monday, April 22nd. Finally, Zacks Investment Research upgraded SEI Investments from a sell rating to a hold rating in a research note on Tuesday, March 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $66.20.
Shares of SEIC opened at $54.58 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.86 and a quick ratio of 5.68. The stock has a market capitalization of $8.32 billion, a PE ratio of 17.38, a PEG ratio of 1.41 and a beta of 1.24. SEI Investments has a one year low of $42.27 and a one year high of $67.10.
SEI Investments (NASDAQ:SEIC) last issued its earnings results on Wednesday, April 24th. The asset manager reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.03). The firm had revenue of $400.82 million during the quarter, compared to analyst estimates of $404.82 million. SEI Investments had a net margin of 29.64% and a return on equity of 29.76%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.86 earnings per share. On average, sell-side analysts forecast that SEI Investments will post 3.18 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Wednesday, June 12th will be paid a dividend of $0.33 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.32 dividend on an annualized basis and a yield of 2.42%. SEI Investments’s dividend payout ratio (DPR) is currently 21.02%.
In other SEI Investments news, insider Paul Klauder sold 7,500 shares of SEI Investments stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $52.89, for a total transaction of $396,675.00. Following the completion of the transaction, the insider now owns 24,841 shares in the company, valued at approximately $1,313,840.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sarah Blumenstein sold 5,000 shares of SEI Investments stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $51.96, for a total value of $259,800.00. Following the transaction, the director now owns 10,681 shares of the company’s stock, valued at approximately $554,984.76. The disclosure for this sale can be found here. Insiders have sold a total of 28,500 shares of company stock valued at $1,480,475 in the last quarter. Company insiders own 22.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of SEIC. Global Retirement Partners LLC lifted its position in shares of SEI Investments by 67.9% during the 4th quarter. Global Retirement Partners LLC now owns 764 shares of the asset manager’s stock worth $35,000 after buying an additional 309 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of SEI Investments by 4,406.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,250,355 shares of the asset manager’s stock worth $70,000 after buying an additional 3,178,224 shares in the last quarter. ETF Managers Group LLC lifted its position in shares of SEI Investments by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 1,722 shares of the asset manager’s stock worth $80,000 after buying an additional 234 shares in the last quarter. Ameritas Investment Corp bought a new position in shares of SEI Investments during the 1st quarter worth approximately $84,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of SEI Investments by 336.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 1,724 shares of the asset manager’s stock worth $90,000 after buying an additional 1,329 shares in the last quarter. 68.76% of the stock is currently owned by hedge funds and other institutional investors.
SEI Investments Company Profile
SEI Investments Company is a publicly owned asset management holding company. Through its subsidiaries, the firm provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients.
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